Usman Salis
While meme coins rally 6.2%, SHIB (Shiba Inu) is showing serious weakness that could trigger a major price collapse.
Here's the thing - while the meme coin index just jumped 6.2% in 24 hours, SHIB is doing the opposite. It's stuck in what looks like a textbook breakdown pattern, and the signs aren't good. SHIB is shaping up to be the weakest link in the meme coin pack right now.
The SHIB Whale Dump That Has Everyone Worried
The big money is running for the exits. Whales have cut their SHIB positions by over 181% in just the past month. That's not normal profit-taking - that's panic selling. Over three months, there's been basically zero whale accumulation.
Here's the key difference: when whales start moving massive amounts, they're heading straight to exchanges to dump. The math is simple - if big holders keep selling and retail follows, SHIB faces serious downward pressure.
Why SHIB (Shiba Inu) Could Drop 40% Without Much Resistance
SHIB is trading between $0.000012-$0.000013, and this zone has weak support. Only 312,850 addresses are holding SHIB in the next support level down. If SHIB breaks below $0.000012, it could quickly fall to $0.000008 - about a 40% drop with very little to stop it.
Most current holders are underwater, so they probably won't sell at a loss. But that also means there's no cushion effect from profit-taking on the way down.
The Technical Pattern That's Got SHIB Bulls Sweating
SHIB is forming a pennant pattern on the 2-day chart, sitting right on the bottom edge at around $0.00001158. It's already tried bouncing several times without success.
The Average Directional Index (ADX) dropped from 22 in mid-July to 18.4 now, showing weakening momentum. When this indicator falls near key support, it usually means the price is about to roll over hard.
If SHIB loses that $0.0000115 support, it's probably headed much lower. Bulls would need to push above $0.0000132 and $0.0000137 just to look healthy again. For a real reversal? They'd need to break past $0.0000150, which looks unlikely.
Usman Salis
